What is mandate type in SAP RE-FX - Flexible Real Estate Management?

SAP Term: mandate type

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A classification of the mandate: Object mandate COA mandate The mandate type can determine which processes are possible in the mandate company code. For example, COA settlement is only possible in COA company codes for COA mandates.

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• Key Concepts: 
  Mandate type is a feature of SAP RE-FX Flexible Real Estate Management that allows users to define different types of contracts for their real estate portfolio. This includes rental agreements, lease agreements, and other types of contracts. The mandate type feature allows users to easily manage their real estate portfolio by providing a standardized way to define and track different types of contracts. 
  
  How to use it: 
  To use the mandate type feature, users must first create a new mandate type in the system. This can be done by navigating to the “Mandate Types” tab in the RE-FX Flexible Real Estate Management module. From there, users can create a new mandate type by entering the relevant information such as the name, description, and other details. Once the mandate type is created, it can be used to create new contracts for real estate transactions. 
  
  Tips & Tricks: 
  When creating a new mandate type, it is important to ensure that all relevant information is entered correctly. This will help ensure that the mandate type is properly configured and can be used for future transactions. Additionally, it is important to keep track of all existing mandate types in order to avoid duplicates or conflicting definitions. 
  
  Related Information: 
  The mandate type feature is closely related to other features in SAP RE-FX Flexible Real Estate Management such as contract templates and contract terms. These features allow users to quickly create contracts for their real estate portfolio without having to manually enter all of the relevant information. Additionally, these features can be used in conjunction with the mandate type feature to ensure that all contracts are properly configured and tracked.